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21 Sep 2016
The Association of Banks in Cambodia (ABC) provide Networking opportunities.socail events,educational programs and industry updates for banking professionals in Cambodia.
Banking sector grew significantly in 2011. Total assets increased by 24.39% from the previous year, at the same time credit grew by 33%, or USD 1,085 million. This credit growth was made possible as a result of deposit growth of 20% or USD 880 million and growth in the capital base of 9.85% or USD
Cambodia is a bank-based economy. Commercial banks are the primary source of funding. The Cambodian banking system is a two-tier system comprising the Central Bank (National Bank of Cambodia), and private sectors such as commercial banks, specialized banks, microfinance institutions, and a number of NGOs involved in rural credit activities. The key players in
Cambodia Institute of Banking The Cambodia Institute of Banking (CIB) has been set up by The Association of Banks in Cambodia (ABC), with the assistance from the Mekong Private Sector Development Facility (MPDF), the Asian Development Bank, and the ASEAN Bankers’ Association in January 2004. CIB provides international standard but locally affordable training for ABC’s
ABC represents members at many national and international arenas. To list some, we are a Co-Chair in the 8th Public and Private Sector Working Group on Banking and Finance, SWIFT Committee, Payment Committee etc. ABC is the sole organization representing the bankers in Cambodia at the Annual Bankers Conference of ASEAN Bankers Association, which is
The Association of Banks in Cambodia (ABC) was formed in 1994 and recognized by the Royal Government of Cambodia as the official entity to represent Cambodia’s private banking sector. In 1997, ABC was officially recognized by the Council of Ministers. ABC becomes the 8 th member banks of the ASEAN Bankers Association (ABA) in 1999. ABC is operated under the frame of the Law on Banking and Financing Institution, 1999 and its Articles that was approved on 28 August 2001 and registered at the National Bank of Cambodia on 2 October 2001. Finally, on 23 November 2012, ABC had officially registered with the Ministry of Interior.
The Association aims to support the development of a Cambodian banking sector that is strong.ABC has played active and vital roles in promoting the constructive dialogues and cooperation with its members, the National Bank of Cambodia, and other stakeholders at national and regional levels to strengthen the capacity and address the challenges, which have been occurring at national and regional levels to uphold financial healthy and enough professionalism of banks and financial institutions that supports the rapid growth of the economy in a balanced and sustainable manner, and that are in line with the ASEAN’s economic integration.
Currently, ABC has 53 members including 36 Commercial Banks, 13 Specialized Banks, 01 Cambodian Microfinance Association (CMA) and 03 Representative Office of the Banks who are located in Cambodia.
The ABC is a member of ASEAN Bankers Association (ABA). ABC became a member of Sustainable Banking Network (SBN) in May 2016. The Cambodian Sustainable Finance Initiative (CSFI) of ABC was officially launched on 19 September 2016.